US Patent Issued to State Farm Mutual Automobile Insurance on May 19 for "Systems and methods for generating mobility insurance products using ride-sharing telematics data" (Illinois Inventors)

ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,904, issued on May 19, was assigned to State Farm Mutual Automobile Insurance Co. (Bloomington, Ill.).

"Systems and methods for generating mobility insurance products using ride-sharing telematics data" was invented by Ryan Michael Gross (Normal, Ill.), Joseph Robert Brannan (Bloomington, Ill.) and Brian N. Harvey (Bloomington, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A personalized insurance ("PI") computing device for determining an optimal insurance product for a driver operating a vehicle for a transportation network company ("TNC") during a period of increased demand includes at least one processor in communication with at least one m...